BlueNalu raises $20 million Series A funding for cell-based seafood

March 03, 2020
Emerging Ecosystems in Agrifood and Health More...
Average importance

This Series A funding round adds some strategic investors like Nutreco and Sumitomo Corporation of Americas, among others, and will help BlueNalu construct a pilot-scale production facility in San Diego for commercial launch in late 2021. Among the cell-based seafood startups, BlueNalu has been showing quite some momentum, with its commercialization strategy and recent partnership with Nutreco. Although cell-based seafood is a fast-growing subcategory within the broader cellular agriculture space, none of the startups have managed to produce meaningful quantities of seafood so far. Given BlueNalu's ambitious timeline, its commercial success will hinge on the construction of its pilot-scale facility alongside timely regulatory approval.

For the original news article, click here .

Further Reading

Cellular agriculture startup IntegriCulture closes $7.4 million Series A round

News Commentary | May 27, 2020

Investors in the round include Beyond Next Ventures, NH Foods (Nippon Ham), and AgFunder. This brings the company's total funding to about $10.2 million. IntegriCulture has been gaining momentum as of late, just recently establishing an open innovation model, "Uni‑CulNet," to work with industry ... Not part of subscription

Solar Foods grabs $18 million in new Series A funding

News Commentary | September 02, 2020

This brings its total Series A financing to $22 million, including the convertible note it received in September 2019. Finnish food company Fazer Group led the round, with other notable investors including Agronomics and CPT Capital. The funding will be used to construct a commercial production ... To read more, click here.

BlueNalu looks to commercialize cell-based seafood with $60 million funding

News Commentary | January 22, 2021

Led by Rage Capital, this convertible note financing will help BlueNalu realize its commercialization plans, including the completion of a 40,000 ft2 pilot facility in the U.S. This funding round also places BlueNalu as the front‑runner in the cell‑based seafood space. The company's first product is... To read more, click here.